About B E Kumar Prasad

B E Kumar Prasad
He is a Practicing Chartered Accountant in Bengaluru, India. He has 25+ years of experience in income tax, business setup, and NRI matters. He is also an Insolvency Professional and Registered Valuer (F&SA).Prasad welcomes your comments and questions. Please email him at [email protected]

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Changes in the Tax Rules for Provident Fund Contributions

Are you an Employee contributing to the Employee Provident Fund (EPF) or General Provident Fund …

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Sr. HR
Sr. HR
2021 years ago

It is new rule from the EPF office. If you submit Form15 G, they wont deduct TDS. Otherwise they deduct 30 or 34% from your pf amount while you withdraw the amount. Form 15G is available on the net and it can be down loaded. This should be submitted duly filled and signed by the employee alongwith his or her Photostat copy of PAN card. In turn the employer will submit this alongwith Form 10 and 19 to EPF office to enable the employee to withdraw the amount. If you don’t have PAN, they deduct TDS @ 30 or 34 %. Very Sad.

Rohan Jsk
Rohan Jsk
2021 years ago

Hi, Thank you very much for the information. But exactly which column we need to fill in 15G form as there are many annexures in the form. Please guide.

Vilas P.Bokil
Vilas P.Bokil
2021 years ago

Is this TDS applicable to PPF withdrawls as well?

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